HIGHLIGHTED NEWS
The government has agreed in principle to allocate state budget funds from increased revenue in 2025 to the Fuel Price Stabilization Fund, aiming to supplement resources for management in the current context. This policy is expected to be applied until April 15th and may be extended depending on actual developments, with the goal of stabilizing fuel prices. This allocation is expected to be reimbursed to the state budget as soon as the energy market stabilizes. Furthermore, Resolution 55/NQ-CP adjusts the fuel price management mechanism to be more flexible, only increasing prices when the base price increases by 15% or more and decreasing prices immediately when world prices decrease by 10%, while minor fluctuations will continue to be managed periodically every 7 days. In addition, the Vietnamese energy market has also demonstrated proactiveness in maintaining market stability, as PV GAS recently successfully imported nearly 38,000 tons of LPG from Australia, following a 5,000-ton shipment from the US, and is expected to add approximately 48,000 tons from the same country next month.
TRADING STRATEGY
The stock market closed the week back at 1,647 points with improved liquidity. Selling pressure tended to increase sharply in leading stocks in the banking, real estate, oil and gas, and chemical sectors. Meanwhile, supportive capital flows appeared in some individual stocks in the financial services and industrial services sectors. The VN-Index is likely to fluctuate around 1,625-1,655 points today.
Thus, after a series of sideways trading sessions around 1,700 points amidst cautious sentiment and weak capital flows and liquidity, the market experienced a downward correction. Although this downward pressure was largely due to the influence of foreign investors on the VN30 group during the ETF restructuring session, the bottom-buying demand only temporarily supported individual stocks. In the short term, the VN-Index is likely to test the next support area around 1,600-1,620 points. In the event that selling pressure weakens and supportive capital flows return to fundamentally sound mid-cap and larger-cap stocks, a new recovery phase will begin. Investors should continue to hold stocks at a reasonable proportion; they may consider increasing their portfolios for a medium- to long-term strategic perspective when a reversal support movement appears accompanied by confirming signals. Short-term trades should be flexible and adapt to capital flow developments.
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